SM Energy Company (SM) financial statements (2021 and earlier)

Company profile

Business Address 1775 SHERMAN STREET
DENVER, CO 80203
State of Incorp. DE
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments078314900282
Cash and cash equivalents078314900282
Receivables185168160152134323318
Inventory, net of allowances, customer advances and progress billings      16
Inventory      16
Derivative instruments and hedges, assets55175645536840322
Disposal group, including discontinued operation    118 
Prepaid expense and other current assets10
Income taxes receivable5
Other undisclosed current assets139119162(5)
Total current assets:253429549225519745648
Noncurrent Assets
Property, plant and equipment 5,8315,555  5,5043,860
Oil and gas property, successful effort method     4,648 
Intangible assets, net (including goodwill)      11
Intangible assets, net (excluding goodwill)      11
Derivative instruments and hedges2158406812119031
Restricted cash and investments      97
Other noncurrent assets653433203278 
Prepaid expense and other noncurrent assets70
Assets held-for-sale, long lived19
Other undisclosed noncurrent assets     (10,152)(3,890)
Total noncurrent assets:865,9245,62888152268198
Other undisclosed assets5,954  6,0814,9505,5043,860
TOTAL ASSETS:6,2926,3536,1776,3945,6226,5174,705
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:402403387300303641607
Accounts payable5256     
Accrued liabilities97140294449  
Employee-related liabilities4231393541  
Taxes payable251913714  
Interest and dividends payable4441454534  
Other undisclosed accounts payable and accrued liabilities143116260169164641607
Derivative instruments and hedges, liabilities51631731150 26
Asset retirement obligation     13
Deferred tax liabilities    143 
Other liabilities19    16
Other undisclosed current liabilities     (1)(3)
Total current liabilities:472466559415303785639
Noncurrent Liabilities
Long-term debt and lease obligation2,7562,5962,9092,8982,518  
Long-term debt, excluding current maturities2,7332,5962,9092,8982,518  
Operating lease, liability23
Liabilities, other than long-term debt1492782005579411,079799
Deferred compensation liability, classified     27 
Asset retirement obligations84  96138121116
Deferred tax liabilities, net22380316758892650
Other liabilities61434847454029
Derivative instruments and hedges, liabilities3127198 05
Other undisclosed noncurrent liabilities166921142682,3661,660
Total noncurrent liabilities:3,0712,9663,2233,4813,4673,4452,459
Total liabilities:3,5433,4333,7823,8963,7694,2303,098
Stockholders' equity
Stockholders' equity attributable to parent2,7492,9202,3952,4971,8522,2871,607
Common stock1111111
Treasury stock, value      (1)
Additional paid in capital1,7921,7661,7421,717306283258
Accumulated other comprehensive loss(11)(12)(14)(15)(13)(11)(5)
Retained earnings9681,1666667941,5602,0141,355
Total stockholders' equity:2,7492,9202,3952,4971,8522,2871,607
TOTAL LIABILITIES AND EQUITY:6,2926,3536,1776,3945,6226,5174,705

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,5902,0671,1291,2171,5572,5222,293
Revenue, net1,2601,1781,5092,5062,267
Cost of revenue(1,442)(1,009)(1,109)(2,011)(1,638)(817)(1,469)
Cost of goods and services sold(501)(487)(508)(598)(738)(740)(655)
Gross profit:1481,05821(793)(81)1,705825
Operating expenses(218)(222)(189)(266)(498)(539)(456)
Other operating expense, net(20)(18)(14)    
Other undisclosed operating income201814    
Operating income (loss):(70)836(168)(1,059)(579)1,166368
Nonoperating income (expense)(2)3401581(2)
Investment income, nonoperating     583(2)
Other nonoperating income (expense)(2)3401(3) 
Interest and debt expense(159)(188)(179)(143)(145)(99)(90)
Income (loss) from continuing operations before equity method investments, income taxes:(231)652(344)(1,202)(723)1,648277
Other undisclosed income (loss) from continuing operations before income taxes     (583)2
Income (loss) from continuing operations before income taxes:(231)652(344)(1,202)(723)1,065279
Income tax expense (benefit)44(143)183444275(399)(108)
Net income (loss) available to common stockholders, diluted:(187)508(161)(758)(448)666171

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(187)508(161)(758)(448)666171
Other comprehensive income141  9 
Other undisclosed comprehensive loss     (681)(167)
Comprehensive income (loss):(186)513(160)(758)(448)(6)4
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (1)(1)(2)666171
Comprehensive income (loss), net of tax, attributable to parent:(186)513(160)(759)(450)660175

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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